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Market Overview of Global Sports Medicine market:
According to our latest research, the global Sports Medicine market looks promising in the next 5 years. As of 2022, the global Sports Medicine market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Sports medicine (sport medicine), a borderline science combining medicine and sports, is a discipline of medicine. Study medical issues related to sports, use medical technology and knowledge to supervise and guide sports training, prevent and treat sports injuries, and study medical treatment and preventive sports, so as to enhance people's physique, ensure the health of athletes and improve sports grade purpose.
As a comprehensive interdisciplinary clinical subject that combines medicine and sports, sports medicine not only applies modern medical theories, methods and technologies to research and prevent sports injuries and related diseases, but also uses scientific exercise methods to treat chronic diseases caused by lack of exercise. In order to achieve the goals of preventing and treating injuries, promoting health, restoring body functions and maintaining a healthy state.
Modern Chinese sports medicine began in the late 1950s. During the difficult years of more than 60 years, the older generation of sports medicine practitioners in my country paved the way for the early development of Chinese sports medicine and made outstanding contributions to the development and development of this cause. On the eve of the 2008 Beijing Summer Olympics, the Sports Medicine Branch of the Chinese Medical Association was formally established, which marked that China's sports medicine has entered a new period of vigorous development. After a period of rapid development, the status of "sports medicine" has been established. In 2020, it was designated as a "secondary clinical medicine discipline" by the country and has become the fastest-growing emerging discipline in many domestic universities and tertiary hospitals. With the implementation of the "Healthy China" national strategy, Chinese sports medicine has ushered in unprecedented opportunities for development. In the foreseeable future, "sports injury prevention", "sports rehabilitation" and "exercise to promote health" will become three important directions for the development of sports medicine in my country.
Driven by policy dividends
In March 2022, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council officially issued the "Opinions on Building a Higher Level of Public Service System for National Fitness", emphasizing on deepening the integration of sports and health, formulating and implementing an action plan for sports to promote health, and establishing a health system. Integrate key laboratories, encourage qualified medical institutions to strengthen specialized capacity building featuring sports rehabilitation, promote cooperation between national physique monitoring sites and medical and health institutions, promote common chronic disease exercise intervention projects and methods, and advocate "exercise is good medicine" idea. The General Office of the State Sports General Administration issued the "Key Points of Mass Sports Work in 2022" to continuously promote the cause of national fitness to a new level and create a new situation. With the continuous promotion of national fitness-related policies, the number of people participating in sports in my country has increased by leaps and bounds, and the resulting injuries and pains have an increasing demand for diagnosis, treatment and rehabilitation. The integration of medicine and sports will undoubtedly usher in a new round of development opportunities. Sports medicine Will enter a new wave of development climax.
Sports injury population expands
Cartilage wear, ligament rupture, and meniscus tear are all common sports injuries, most of which are caused by poor exercise habits and irregular training.
In recent years, people's enthusiasm for fitness has been on the rise. According to data from the National Bureau of Statistics, in 2020, the proportion of people aged 7 and above who regularly participate in physical exercise will reach 37.2%. According to the "Healthy China 2030" Planning Outline, the number of people who regularly participate in physical exercise will reach 530 million by 2030, and sports medicine experts estimate that by then, more than 100 million people will suffer from sports injuries every year. Therefore, due to the gradual increase in the number of sports injuries, people's demand for sports medicine is also increasing.
Company Overview:
Smith & Nephew is one of the major players operating in the Sports Medicine market, holding a share of 25.34% in 2023.
The major players operating in the Sports Medicine market include Smith & Nephew,Arthrex Inc., Stryker Corporation, Johnson & Johnson and Zimmer Biomet, etc. Among which, Smith & Nephew
ranked top in terms of sales and revenue in 2023.
Segmentation Overview:
The @@@ segment by type showed a value growth of XX% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Sports Medicine market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Sports Medicine Market Report:
Market Size Estimates: Sports Medicine market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Sports Medicine market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Sports Medicine market
Segment Market Analysis: Sports Medicine market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Sports Medicine market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Sports Medicine Market: Revenue and sales volume of major countries in each region
Sports Medicine Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Sports Medicine market in major regions.
Sports Medicine Industry Value Chain: Sports Medicine market raw materials & suppliers, manufacturing process, distributors, downstream customers
Sports Medicine Industry News, Policies & Regulations
Key players in the global Sports Medicine market are covered in Chapter 12:
Beijing WANJIE Medical Device Co., Ltd
Delta Medical
Stryker Corporation
Johnson & Johnson
Shanghai Kinetic Medical
Arthrex Inc.
CONMED
Zimmer Biomet
Yunyi (Beijing) Medical Device Co., LTD.
Smith & Nephew
Rejoin
In Chapter 2 and Chapter 15.1, based on types, the Sports Medicine market from 2018 to 2028 is primarily split into:
Euipment
Consumables
In Chapter 3 and Chapter 15.2, based on applications, the Sports Medicine market from 2018 to 2028 covers:
General Hospital
Specialized Hospital
Sports Medicine Rehabilitation Center
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Sports Medicine market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028